In essence, economic morality is not only some kind of moral standards and nature, but also a dialectical movement of economic pattern value.

Reviewing the track record of the economic reform over the past twenty years in China, this article maintains that one of the causes for the slow reform is the ambiguity of humanity and economic morality in knowledge and behavior.

Buoye studied the disputes over property rights during the social changes of China to expose the relationship between morals and law from moral economy and cultural ideology.

Development of moral economy through constantly raising people s moral consciousness of striving for rapid progress aims at resulting in legal, vigorous and efficient production, exchange, distribution and consumption, so as to boost the sound development of the social, collective and individual economy and promote the prosperity of the social economy.

Socialist market economy is both legal economy and moral economy.

In this paper an analytic method of modern economics is used to formulate mainly the nature of economical morals and the fundamentals of legal system on which they stand.

The paper discusses the necessity and urgency of moral construction in market economy, demonstrating some prerious opinions and experts theories.

This brings deep thought on moral construction existing in the depths of market.

The traditional Taoist ethical thoughts possess great significance and value to the moral construction of contemporary chinese society.